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Entrepreneur: Start & Grow Your Business

Time For Fitness LLC

Health club for baby boomers & seniors

Background

Founded: 2004 Franchising since: 2005
667 Waterview Cove
Eagan, Minnesota 55123
Phone:
(612)703-6151


Franchisor is a privately-held company with 3 employee(s); 1 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2005 0 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Varies

Costs and Fees

Total investment: $58K-68K
Franchise fee: $30K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $80K-100K
Cash liquidity requirement: $15K-30K
Business Experience:
  • General business experience
  • Marketing skills
  • Interest in fitness

Operations
  • Number of employees needed to run franchised unit: 1 - 3
  • Absentee ownership of franchise is allowed.

Training and Support

Training
  • Available at headquarters: 6 days

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Regional advertising